IPO Newsroom(@IPONewsroom_):COGNITION AI HITS $1B REVENUE RUN RATE AI coding startup Cognition is on track to reach ~$1B in annualized revenue based on September performance, roughly doubling from $492M in May, per Bloomberg. The company had already crossed $900M earlier this month, driven by demand for its Devin coding agent. Cognition raised $2B this month at a $48B valuation, up from $26B roughly three months earlier. Its customers include Nvidia, Citigroup and Mercedes-Benz. Source: Bloomberg

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2026.09.25 14:37

COGNITION AI HITS $1B REVENUE RUN RATE AI coding startup Cognition is on track to reach ~$1B in annualized revenue based on September performance, roughly doubling from $492M in May, per Bloomberg. The company had already crossed $900M earlier this month, driven by demand for its Devin coding agent. Cognition raised $2B this month at a $48B valuation, up from $26B roughly three months earlier. Its customers include Nvidia, Citigroup and Mercedes-Benz. Source: Bloomberg